The global acrylic acid market stood at a volume of around 6790.00 Kilo Tons in 2024. The market is estimated to grow at a CAGR of 4.10% between 2025 and 2034 to reach a volume of about 10147.92 Kilo Tons by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.1%
Value in Kilo Tons
2025-2034
Acrylic Acid Market Outlook
*this image is indicative*
Acrylic acid (C3H4O2), also known as 2-propenoic acid, acrylsyre, and acroleic acid, is a colourless liquid which is corrosive in nature. It is the simplest unsaturated carboxylic acid that is obtained from propylene via carolein in a two-step gas-phase oxidation. It has an acrid odour with a boiling point of 141.0°C. The chemical polymerizes readily in the presence of oxygen and is miscible with water, ether, and alcohol. Some of the end products that contain acrylic acid are paints and coatings, polishes, adhesives, plastics, textiles, rug backings, and paper.
The global acrylic acid market stood at a volume of around 6790.00 Kilo Tons in 2024. The market is estimated to grow at a CAGR of 4.10% between 2025 and 2034 to reach a volume of about 10147.92 Kilo Tons by 2034. Based on derivate, acrylic esters dominate the market with an estimated 50% market share. The major share of acrylic acid produced globally is used in the manufacture of acrylic esters and resins, primarily used in coatings and adhesives production. Furthermore, the chemical is widely used to carry out polymerization, including polyacrylates production. Acrylic acid acts as a monomer in the production of polyacrylic and polymethacrylic acids, along with other acrylic polymers. Other significant uses of acrylic acid include detergent intermediates, oil treatment chemicals, water treatment chemicals, and water absorbent polyacrylic acid polymers, among others.
The global capacity of acrylic acid was about 9,700 Kilo Tons in the year 2024. It is estimated to reach 11,000 Kilo Tons by 2034. Asia Pacific holds the major share of acrylic acid capacities, representing around 60% of the global production capacity. The plant capacity utilization of acrylic acid stood at 70% in 2024.
In terms of demand, the Asia Pacific dominates the market, accounting for approximately 50% of the total market value. Within the Asia Pacific, China is the key market and holds the largest share, followed by Japan, India, South Korea, and Thailand.
The top players in the acrylic acid market are BASF, Sinopec, Formosa, Taixing Sunke Chemcials, Zheijiang Satellite Acrylic, Shanghai Huayi Acrylic Acid Co, Yantai Wanhua, Jiangsu Sanmu, Nippon Shokubai, Mitsubishi, and LG Chemicals, among others.
In March 2023, BASF announced to begin work on a new acrylic acid complex at its Verbund site based in Zhanjiang, China. This world-scale production facility is scheduled to be operational by 2025 and it will be capable of producing around 400,000 metric tons of BA (butyl acrylate) and 100,000 metric tons of 2-EHA (2-ethylhexyl acrylate) annually. The production complex includes plants for glacial acrylic acid (GAA), BA, and 2-EHA, thus expanding the company’s position in China’s acrylics value chain. This will enable the company to meet the growing acrylics demand in China and the Asia Pacific.
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